Issue of Equity

RNS Number : 2813W

OMG PLC

24 December 2013

 



24 December 2013

OMG plc

('OMG' or the 'Group')

Issue of Equity

Contingent share consideration

Further to the announcement made by the Company on 9 December 2013 in relation to the acquisition of Sensing Systems Inc and consistent with the contingent share consideration, the Board confirms that the deferred consideration payments payable to the original shareholders of Sensing Systems Inc of $2,750,000 in shares is due.  Consequently, the Company has issued and allotted 6,060,804 new ordinary shares of 0.25 pence each in the Company.  The number of shares to be issued has been calculated by reference to the average closing price of the shares on the London Stock Exchange for the 10 day period ending 3 days prior to the date of issue, and the US$/UK£ exchange rate has been calculated using the average of the Bank of England spot rate over the same period.

Application will be made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM.  Admission is expected to occur on or around 2 January 2013. The new ordinary shares will rank pari passu with existing ordinary shares.

Subsequent to the issue of shares detailed above, the enlarged issued share capital of the Company will comprise 113,357,814 ordinary shares of 0.25 pence each.

For further information please contact:

OMG plc	[phone]
Nick Bolton, CEO
David Deacon, CFO
FTI Consulting	[phone]
Matt Dixon / Emma Appleton / Charles Palmer / Jessica Liebmann
N+1 Singer (NOMAD to OMG)	[phone]
Shaun Dobson / Jennifer Wyllie

About OMG

OMG plc (Oxford Metrics Group. LSE: OMG) is a group of technology companies producing image understanding products and services for the entertainment, defence, life science and engineering industries.

Be it for capturing the movements of actors (for the movie industry),sportsmen (for video games or improving team performance), or children with Cerebral Palsy, rehab patients and animals (for medical, life science and research industries); or recording the condition of highways and the assets that surround them; or even providing image intelligence and situational awareness from drone aircraft. Through this diversified offering the Group has earned its strong international reputation for precision from pixels.

Founded in 1984, the Group is headquartered in Oxford, UK, and has four offices in the US and two in the UK. It has customers in over 50 countries and is a quoted company listed on AIM, a market operated by the London Stock Exchange. The Group trades through four operating subsidiaries:  Vicon, the world's largest motion capture and movement analysis company, 2d3, a manufacturer of specialised image understanding software for defence applications, Yotta, our highways surveying business and OMG Life our new consumer subsidiary.

The Group's global clients spanning the worlds of science, medicine, sport, engineering, gaming, film and broadcast include: major hospitals and research facilities such as Guy's Hospital, Nuffield Orthopaedic Centre and Loughborough University, engineering industry leaders including: Ford Motor Company, BMW, Airbus and Toyota, and in the entertainment sector; Sony, Industrial Light and Magic, The Moving Picture Company (MPC), Sega, Nintendo, UbiSoft, EA and Square Enix. In highways, clients include: East Sussex, Lancashire, Transport for London, Cheshire East and West as well as many others.

For more information about OMG, visit www.omgplc.com.

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